Caixin Global

ByteDance is reportedly opening its second corporate entity in India to provide information technology services to all of its platforms worldwide, the latest sign that the Chinese tech unicorn is expanding its global footprint. Read More

New York-listed Chinese video streaming platform Bilibili has announced plans to raise $650 million through the sale of convertible senior notes, as the company seeks more cash to expand its user base. Read More

Tencent has reportedly agreed to invest 7 billion yen ($65 million) for a 20% stake in Japanese video game developer Marvelous, the latest sign that the Chinese tech giant is further expanding its video gaming empire overseas. Read More

Chinese social media platform Weibo Corp. reported a 19% revenue decline in the first quarter amid the coronavirus pandemic, despite strong growth in new users. The company said a recovery is underway. Read More

PUBG, a battle royale title developed by Chinese internet giant Tencent, retained its position as the world’s highest-earning mobile game in April as demand for digital entertainment increased amid the coronavirus pandemic. Read More

Chinese internet search giant Baidu Inc. has pledged to plow massive resources into its short-video and livestreaming businesses, in a bid to gain a larger share of a sector dominated by ByteDance and Kuaishou. Read More

Wanda Film Holding, China’s biggest movie theater operator controlled by billionaire Wang Jianlin, was questioned again by the stock exchange on its asset impairment and liquidity after it posted its first annual loss in five years as a publicly listed company. Read More

The ByteDance-owned short video app has amassed more than 2 billion downloads on Apple’s App Store and Google Play Store combined, a milestone that comes just five months after the app hit the 1.5 billion download mark. Read More

China Film Insider reports on and writes about the people and companies making movies that soon may help to bridge the gaps in understanding between China, the United States, and the rest of the world. We work in Beijing, Los Angeles, and New York.